XML 55 R42.htm IDEA: XBRL DOCUMENT v3.25.2

Fair Value Measurements (Tables)

6 Months Ended

Aug. 02, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands):

						Fair Value Measurements																								Fair Value Measurements
						at Aug 2, 2025																								at Feb 1, 2025
Recurring Fair Value Measures						Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Assets:
Foreign exchange currency contracts						$	—					$	38					$	—					$	38					$	—					$	10,467					$	—					$	10,467
2028 Bond Hedge						—						—						7,181						7,181						—						—						11,252						11,252
Total						$	—					$	38					$	7,181					$	7,219					$	—					$	10,467					$	11,252					$	21,719
Liabilities:
Foreign exchange currency contracts						$	—					$	16,470					$	—					$	16,470					$	—					$	8					$	—					$	8
Embedded derivative						—						—						1,570						1,570						—						—						2,460						2,460
Deferred compensation obligations						—						19,731						—						19,731						—						18,978						—						18,978
Total						$	—					$	36,201					$	1,570					$	37,771					$	—					$	18,986					$	2,460					$	21,446

Schedule of Measurement Input Assumptions

The following assumptions were used within the model:

Valuation Assumptions						Aug 2, 2025						Feb 1, 2025
Expected volatility						30		%				30		%
Risk-free interest rate						3.7		%				4.3		%
Credit spread						2.6		%				3.2		%
Dividend yield						9.3		%				9.1		%
Term to maturity						2.7 years						3.2 years
Stock price						$	12.46					$	12.91

Schedule of Reconciliation of Level 3 Assets and Liabilities

The following presents a reconciliation of the Company’s financial assets and liabilities measured at fair value as of August 2, 2025 and August 3, 2024, using significant unobservable inputs (Level 3), and the change in fair value recorded in other income (expense), net in the consolidated statements of income (loss) (in thousands):

			Embedded Derivative						2028 Bond Hedge
Balance as of February 1, 2025			$	(2,460)					$	11,252
Gain (loss) on fair value remeasurement			890						(4,071)
Balance as of August 2, 2025			$	(1,570)					$	7,181

			Embedded Derivative						2028 Bond Hedge
Balance as of February 3, 2024			$	(16,390)					$	85,918
Initial bifurcation of embedded derivative			(6,538)						—
Purchase of Additional 2028 Bond Hedge			—						6,538
Gain (loss) on fair value remeasurement			4,028						(6,010)
Balance as of August 3, 2024			$	(18,900)					$	86,446

Schedule of Impairments

Impairments of retail locations to property and equipment and operating lease ROU assets are summarized as (in thousands):

			Fair Value as of Remeasurement Date						Asset Impairment Charges
			Six Months Ended August 2, 2025
Operating lease ROU assets			$	43,628					$	678
Property and equipment			$	382					$	7,677
			Six Months Ended August 3, 2024
Operating lease ROU assets			$	30,510					$	542
Property and equipment			$	87					$	2,876

X

- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

+ Details

Name:	us-gaap_DetailsOfImpairmentOfLongLivedAssetsHeldAndUsedByAssetTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration